Journal entry for share trading company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2013 Dear Sir
I will join an Share trading (Stock Broker )company. But i have a doubt. What are the journal entry for that type of accounts.
Any of you are doing this type company accounts.
kindly tell me......

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

30 June 2013 There are clients and transaction on which commission is earned by the stock broking firms so you have to debit clients and credit commissions and then the sellers account and clients account in case of auction reverse the entry and charge the charges to the customers

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

30 June 2013 Thank you Sir

.

.

Upgrade to CAclubindia Pro. Subscribe Now!